NEXT Financial Group Inc Has $102,000 Position in Safety Insurance Group, Inc. (SAFT)

NEXT Financial Group Inc continued to hold its stake in shares of Safety Insurance Group, Inc. (NASDAQ:SAFT) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,500 shares of the insurance provider’s stock at the end of the second quarter. NEXT Financial Group Inc’s holdings in Safety Insurance Group were worth $102,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of SAFT. State of Alaska Department of Revenue increased its stake in shares of Safety Insurance Group by 76.6% in the first quarter. State of Alaska Department of Revenue now owns 2,720 shares of the insurance provider’s stock valued at $190,000 after buying an additional 1,180 shares during the period. TFS Capital LLC bought a new stake in shares of Safety Insurance Group during the first quarter valued at about $200,000. Mason Street Advisors LLC increased its stake in shares of Safety Insurance Group by 7.0% in the first quarter. Mason Street Advisors LLC now owns 3,330 shares of the insurance provider’s stock valued at $233,000 after buying an additional 218 shares during the period. US Bancorp DE increased its stake in shares of Safety Insurance Group by 2.2% in the first quarter. US Bancorp DE now owns 4,694 shares of the insurance provider’s stock valued at $329,000 after buying an additional 100 shares during the period. Finally, SG Americas Securities LLC increased its stake in shares of Safety Insurance Group by 58.0% in the first quarter. SG Americas Securities LLC now owns 4,708 shares of the insurance provider’s stock valued at $330,000 after buying an additional 1,728 shares during the period. Hedge funds and other institutional investors own 79.26% of the company’s stock.

Shares of Safety Insurance Group, Inc. (NASDAQ:SAFT) opened at 73.65 on Friday. The firm has a market capitalization of $1.12 billion, a P/E ratio of 17.53 and a beta of 0.77. The firm’s 50-day moving average is $69.23 and its 200 day moving average is $69.90. Safety Insurance Group, Inc. has a 12 month low of $62.75 and a 12 month high of $75.05.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be given a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 4.34%. The ex-dividend date is Wednesday, August 30th. This is a boost from Safety Insurance Group’s previous quarterly dividend of $0.70. Safety Insurance Group’s payout ratio is currently 66.35%.

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Separately, BidaskClub upgraded shares of Safety Insurance Group from a “sell” rating to a “hold” rating in a research report on Saturday, June 10th.

About Safety Insurance Group

Safety Insurance Group, Inc is a provider of private passenger automobile insurance. The Company offers a portfolio of property and casualty insurance products. The Company is engaged in property and casualty insurance operations. The Company’s product line includes private passenger automobile, commercial automobile, homeowners, business owners’ policies, personal umbrella, dwelling fire, commercial umbrella, inland marine and watercraft.

Institutional Ownership by Quarter for Safety Insurance Group (NASDAQ:SAFT)

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